Defense Lawyers See Bonanza From Lehman, Bear

Bloomberg is reporting what securities defense attorneys have experienced - the demand for defense counsel is on the rise. The article focuses on the criminal side of the equation, and the civil side - in regulatory investigations and arbitrations - is running right along with it.

Great quote from Herb Stern, Joseph Nacchio's lawyer:

The community is angry, and that anger cuts across all economic class lines,'' Stern said. ``The community, the mob, is looking for heads. A defense attorney has to bring sanity and realism to protect the client against scapegoating.

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Bloomberg.com: Exclusive: "Defense Lawyers See Bonanza From Lehman, Bear, Other Collapses"